The market has stabilized, the first signs of a downtrend appeared
February 8, 2021 7:04:08 AM
Forecast Details
PairUSDCAD
Direction
Sell
StatusClosed (1.2785)
-70 p
1.2855
Stop Loss
1.2785
Entry
+70 p
1.2715
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 6
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- MVP line is above the price and acts as a resistance level.
- This zone is of an interest of a big player. We are expecting the price decrease of USDCAD and the achievement of this goal within the current day.
